this post was submitted on 26 Apr 2025
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Summary

Tesla reported its worst quarterly results in four years, with Q1 income down 71% and EV sales falling 13%.

Elon Musk vowed to refocus on Tesla amid backlash over his political role in the Trump Administration’s DOGE program, but analysts doubt his return will fix worsening issues.

Tesla faces eroding market share, failed products like the Cybertruck, and a coming 145% tariff on imported Chinese battery cells set to hammer the company’s battery pack business, one of the only bright spots last quarter.

Musk’s pivot to robotaxis and humanoid robots lacks credibility, and critics say Tesla has no compelling new EVs to revive growth.

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[–] reddig33@lemmy.world 133 points 1 day ago (5 children)

Has he considered resigning?

[–] ExtremeDullard@lemmy.sdf.org 58 points 1 day ago* (last edited 1 day ago) (1 children)

That's not enough. As long as Musk owns even one share of Tesla, he makes money each time a Tesla car sells, and a lot of people including I can't stomach that.

I might consider purchasing a Tesla vehicle if I knew Musk doesn't get any of my money. As long as he gets even one cent of my money, I'll buy some other brand.

[–] Zaktor@sopuli.xyz 43 points 1 day ago (2 children)

The whole board and major investors condoned this. Fuck the whole brand. Now and forever. They don't need to be redeemed if they do the right thing, we'll be fine without them. The smart people that actually make things happen will go work for better companies.

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[–] FistingEnthusiast@lemmynsfw.com 24 points 1 day ago (2 children)
[–] Gregg@lemm.ee 12 points 1 day ago (1 children)
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[–] ExtremeDullard@lemmy.sdf.org 83 points 1 day ago

There are other, indirect ways to hurt Tesla.

For example, when I call a cab, I tell the dispatcher I don't want to ride in a Tesla taxi. And one dispatcher a few weeks ago told me I wasn't the only one requesting that.

[–] DBT@lemmy.world 74 points 1 day ago (2 children)

Tesla doesn’t need him to refocus, the damage is done. He fucked it all up trying to impress everyone at 4 chan with his nazi salutes, deal with it chainsaw performance, firing thousands of people nonchalant, etc.

As long as he’s tied to the brand in any way it’s cooked.

[–] Tramort@programming.dev 18 points 1 day ago (1 children)

But he looked cool wearing the cheese head before he fucked up his attempt to corrupt the Wisconsin judiciary, right?

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[–] cecilkorik@lemmy.ca 50 points 1 day ago (1 children)

Goodbye, Tesla, and good riddance. Some salutes will never be forgotten.

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[–] MyOpinion@lemm.ee 49 points 1 day ago (1 children)

Become a Nazi lose your company. You have been warned.

[–] TheFogan@programming.dev 10 points 1 day ago (6 children)

I'm afraid we need a good ryme, or a 3 word chant in order for it to actually resonate... anyone got a go woke go broke equivelant for nazi's or white supremacists.

Go nazi go kamikaze?

[–] griff@lemmings.world 27 points 1 day ago

go fash, lose cash

[–] JailElonMusk@sopuli.xyz 10 points 1 day ago

Go Fascist get your ass kicked?

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[–] RestrictedAccount@lemmy.world 40 points 1 day ago (2 children)

One thing that must be made clear to casual observers is that the Tesla stock price is still batshit crazy high.

The logic to support the price is:

Your are not buying the current company, you are buying the cool stuff Elon is making in the future.

Without that leap of faith, the price has to collapse. There is no way an electric car company will ever support even the current stock price.

There will be a tremendous amount of copium ingested before gravity hits, but the bigger fool theory will have its way.

[–] Corkyskog@sh.itjust.works 10 points 1 day ago (1 children)

I wonder how many people have gone broke trying to short Tesla. It just doesn't make sense, but apparently the market has an infinite ability to be irrational.

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[–] Bytemeister@lemmy.world 36 points 1 day ago (3 children)

Step down from Doge, open the files and lay bare this administration.

Offer to buyback every single Cybertruck.

Appoint a board of directors elected by Tesla employees, with representatives from each department to manage the long term goals and policy of Tesla.

Make a low cost, highly configurable electric car. Essentially an electric 90's Civic.

Or better yet. Pay me 500 million a year and I'll do all of this for you.

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[–] peaceful_world_view@lemmy.world 33 points 1 day ago (3 children)

Has he tried stop being a cunt?

[–] IphtashuFitz@lemmy.world 23 points 1 day ago (10 children)

Way too late for that. Too many potential customers will now never buy a Tesla as long as he’s associated with the brand in any way. About the only option he has to try to save the brand is to sever all ties with the company and walk away. But his ego will never allow that.

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[–] wirebeads@lemmy.ca 32 points 1 day ago

Who cares. Tesla is run by a Nazi. It doesn’t deserve to survive. Musk doesn’t give a shit about the environment or saving it. He only cares about his bank balance.

🖕Musk 🖕Tesla 🖕Nazis

[–] ininewcrow@lemmy.ca 31 points 1 day ago (1 children)
[–] quetzaldilla@lemmy.world 11 points 1 day ago

Better CEO choice than Elon Musk.

[–] Zaktor@sopuli.xyz 28 points 1 day ago (1 children)

Elon was never the guy who made Tesla work. He's just a rich guy who bought it and then had to be insulated from running it because his ideas suck.

[–] UnsavoryMollusk@lemmy.world 19 points 1 day ago (1 children)

The insulation had to happen with spacex and paypal too btw... This guy is not really good.

[–] zurohki@aussie.zone 9 points 1 day ago

IIRC one of the big issues with Twitter was it didn't have anything set up to insulate the business from Musk's idiot whims.

[–] pyre@lemmy.world 27 points 1 day ago (1 children)

things really went to shit when he mimicked hitler. maybe in order to reverse it he needs to mimick hitler again. now what did he do to get out of the mess he created for himself?

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[–] Taleya@aussie.zone 26 points 16 hours ago

Again i ask: have you tried not being a nazi bastard?

I mean the option's right there.

[–] comador@lemmy.world 25 points 1 day ago (2 children)

I did nazi that one coming...

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[–] inclementimmigrant@lemmy.world 24 points 1 day ago (4 children)

You can't un-ring being a Nazi and I won't be buying another Tesla with or without a Nazi at the helm because we all know even if he 'steps down' his fortune will still be tied to his stock ownership.

Nazi Around, Find Out

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[–] flop_leash_973@lemmy.world 21 points 16 hours ago

Burning your good will with your primary customer base by throwing your weight behind a political group full of the worst of society that has the public support of the statistically poorest in society wasn't a great long term plan?

Shocking, well not that shocking.

[–] TheDemonBuer@lemmy.world 20 points 1 day ago (8 children)

Tesla cannot be saved until and unless Musk sells his share of the company and completely divorces himself from it. Even that may not be enough, as the brand is so closely associated with Musk that his stain may not wash off, but it's their only chance.

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[–] Formfiller@lemmy.world 20 points 16 hours ago

The being a Nazi strategy didn’t pan out I guess

[–] boughtmysoul@lemmy.world 20 points 1 day ago (1 children)

So let me get this straight.

Elon Musk is the reason Tesla is tanking and his solution is more of him?

How many Ds of Chess is this? I’ve lost track.

[–] vxx@lemmy.world 15 points 22 hours ago* (last edited 22 hours ago)

Tesla is a person cult.

If any other company had such earning reports and a disatrous earnings call like tesla did, it would go down at least 30%. Tesla went up 30.

Sure, it's possibly the most manipulated stock on the market, and regulators get axed, so we even don't know how much of the cult is left and how much is coming from billionaires pockets that pump and dump all day to get the money of the hopeful.

There will be a hard line where the Pool of idiots with money to rob dried out and they crash harder than Theranos.

[–] cley_faye@lemmy.world 19 points 1 day ago (6 children)

Here's a plan : leave the engineers do their work, stop interfering with innovation, and just shut the fuck up. Not sure it would save tesla, but it would get a fighting chance.

[–] Mateoto@lemmy.world 17 points 1 day ago

Let Tesla fail and Musk too. You don't want to save Tesla as long as the fascist Musk profits from it. Let all his companies fail.

[–] raltoid@lemmy.world 14 points 1 day ago* (last edited 1 day ago)

That's how they became so big in the first place.

I honestly think there's going to be a mockumentary about him eventually. The alleged stories are straight out of a sitcom. With his PA distracting him from engineers doing important work, giving him fake people to fire when he got in one of his moods, keeping his wild antics away from social media, etc.

Then she asked for a raise and he fired her, afterwards he unraveled.

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[–] EndlessNightmare@reddthat.com 18 points 1 day ago

All he had to do was shut his fucking mouth. Tesla sells a competitively-price product and has a strong moat with their charging network. He is snatching defeat from the jaws of victory, all because he doesn't know how to STFU.

[–] 800XL@lemmy.world 16 points 18 hours ago

That's fine. Tesla was always a meme stock with no substance anyway.

[–] barneypiccolo@lemm.ee 15 points 1 day ago

We hadn't heard much from him over the past few weeks, and now we get this earnings call, and it is far worse than expected. He's known this was coming, and has been laying low, probably hoping things will improve some before making what he knows would be a disastrous earnings call. Its the equivalent of watching your diet 3 days before a doctor's appointment, hoping your weight gain and cholesterol increase won't be as bad as you know it is.

Also, it's a safe bet that his board of directors is livid, and that he has been ordered by his board to get back to work, or be removed as CEO of Tesla.

There is almost certainly a shareholder class-action suit brewing over his reckless and irresponsible behavior over the last several months, which has directly caused severe, and probably irreparable damage to the company's brand image AND it's sales around the world, as well as tanking the stock price, an unforgiveable sin in the investing world. Now that the bubble has popped, it will never inflate again. As future earnings reports are released, and sales continue to slide, the stock will continue to decline, and the cycle will continue until bankruptcy. And it is all traceable to Skum's self-indulgent, egotistical behavior.

The only question is will Skum be the only defendant, or will the lawsuit also name the individual members of the board, for not reigning him in, or firing him. They don't want to be sued alongside him, so they are forcing him to get back to work saving Tesla, thus letting them off the hook for legal liability.

Its doubtful Skum will be able to save Tesla at this point, its almost certainly too late. It is also probably too late to avoid a shareholder lawsuit. Investors have lost millions of dollars, not due to the vagaries of the market, but due to Skum's outrageous behavior, like throwing up celebratory Nazi salutes on national TV, which, as CEO, he should have realized would damage his company and its investors significantly.

And arguing that he didn't recognize the danger in advance is no excuse at all for a CEO, who should have been able to predict the response to his self-indulgent ego bender.

Shareholders have lost many millions, and they won't just let that go with an "Oh well." He's likely going to get sued, and the board is just making sure they don't go down with him.

I give Tesla two years before they file for bankruptcy, and I'm only giving it that long because HitlerPig will give him a bail out that will buy him a little time.

[–] bluegreenwookie@bookwormstory.social 15 points 7 hours ago (3 children)

There is only 1 way to save that business and thats for elon to get rid of it.

Nobody is going to forget whats he's done or the fact that he is a nazi.

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[–] Jaysyn@lemmy.world 14 points 1 day ago (1 children)

Well, someone sure is propping up his fascist memestock.

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[–] melsaskca@lemmy.ca 12 points 1 day ago

Even if one of his ideas were to apologize for the nazi salute I think the "saving Tesla" ship has sailed.

[–] vodkasolution@feddit.it 12 points 14 hours ago (1 children)

What about creating a new model, the Tesla Texas? Same old shit, but running on gasoline

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[–] Ghostalmedia@lemmy.world 11 points 1 day ago (3 children)

There is one very easy way to save Telsa. Musk needs leave and divest. The company can’t have anything to do with him anymore.

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[–] sommerset@thelemmy.club 11 points 1 day ago

Elon Musk vowed to refocus on Tesla

issue is - he should have done that 2-3 years ago. now its too late
Due to sheer china cars velocity - he cant catch up.

[–] Burninator05@lemmy.world 11 points 17 hours ago

Has he tried selling it to his AI business tohide the losses like he did Twitter?

[–] el_bhm@lemm.ee 11 points 2 hours ago

He should try the Nazi salut. 3rd resets the counter.

[–] Treetrimmer@sh.itjust.works 11 points 1 day ago

Ketamine does cause brain rot

[–] blakenong@lemmings.world 10 points 1 day ago (6 children)

Bezos car company is a lot more practical. I just wish it wasn’t bezos.

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[–] AngrySquirrel@lemm.ee 9 points 14 hours ago (1 children)

Has he considered suicide?

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